Mutún will cover 40% of the country’s iron ore demand

The government instructed the export of iron in the shortest term and informed that the Mutun would cover only 40% of the internal demand, 200 thousand tons per year. The steel plant will be inaugurated in mid-2023 and will cost $546 million, of which the China Eximbank will disburse 85%, and 15% will come from the State General Treasury (TGE) and the Productive Development Bank (BDP). It will process 800,000 tons of iron ore per year.

Despite pandemic and smuggling, forestry exports grow by more than 55%

The Bolivian Chamber of Forestry (CFB) reveals that the export value of wood products grew by 55.6% in the first four months of this year, compared to the same period in 2020. Up to April last year, the sector exported $16.4 million, while in the first four months of this year, the turnover was $25.5 … Continue reading Despite pandemic and smuggling, forestry exports grow by more than 55%

Smuggling affects up to 10% of national production

According to studies conducted by the Chamber of Industry, Commerce, Services and Tourism of Santa Cruz (Cainco), smuggling generates an economic loss that fluctuates between $1 billion and $1.8 billion. There is an impact in domestic production of 5% and 10% per year of the Gross Domestic Product (GDP), which harms the fiscal coffers of approximately $350 to $400 million per year.